Sally Aw Finds Buyer
For 23% of Sing Tao

HONG KONG -- Sally Aw agreed to sell 23% of Sing Tao Holdings Ltd. to an investment fund for HK$115.8 million (US$14.9 million) in a deal that allows her to remain as chairwoman.

The sale, which comes after the 68-year-old Ms. Aw spent more than a year seeking a buyer for her entire 50.04% stake in the newspaper company founded by her father, is likely to disappoint investors who had hoped another publisher, such as Pearson PLC, would...